My personal FX pairs and XAUUSD analysis

[DominicWalsh]

#CADJPY: Classic Trend-Following Setup

CADJPY broke and closed below a support line of a bearish flag pattern.
Taking into consideration, that the pair is trading in a bearish trend,
that violation may trigger a sell off.

I expect a bearish continuation to 97.05 / 96.1

 

[DominicWalsh]

#USDCHF: Detailed Technical Outlook

USDCHF is currently consolidating.
The price is stuck between 2 horizontal key levels that compose a range.

0.9425 - 0.946 is the resistance of the range.
0.9285 - 0.9306 is the support of the range.

Depending on the reaction of the price to its boundaries,
I see 2 potential scenarios:

If the price breaks and closes above the resistance of the range,
a bullish continuation will be expected at least to 0.9537.

If the price breaks and closes below the support of the range,
a bearish move will be expected to 0.9193 support.

Wait for a breakout, that will clarify the future direction of the market.
Also use Directional Indicator for confirmation!

 

[DominicWalsh]

Binance Coin (#BNBUSD): Very Bearish Outlook! Here is Why:

Have you seen that huge head & shoulders pattern that was formed
on Binance Coin on a daily.

After yesterday's fundamentals, the price successfully violated its neckline and closed below that.
Probabilities are high now, and the market will keep falling.

Goals: 256 / 243

 

[DominicWalsh]

Gold (#XAUUSD): Important Bullish Clue on a Weekly

Gold has nicely respected a major weekly structure support.
The market formed a bullish engulfing candle after the test of structure,
and then we saw a very nice rejection from that.

It looks like Gold may go higher.
Next resistance 1925.

Remember, that weekly time frame chart unveils a long-term perspective.
So it may take weeks, before the price reaches the target.

 

[DominicWalsh]

#GBPAUD: Time For Pullback

GBPAUD reached a key daily structure resistance.
The market was nicely rejected from that on 4H first,
then, a bearish engulfing candle was formed.

I expect a retracement from that structure.
Goal - 1.804

 

[DominicWalsh]

S&P500 Index (#SPY) Bearish Outlook Explained

S&P500 reached a solid horizontal key level.
The price formed a tiny double top on that and a doji candle.
Now, bears are pushing.

I expect a fall to 3886 / 3851

 

[DominicWalsh]

#NZDJPY: Pullback From Key Level

NZDJPY formed a cute double bottom pattern on a solid support on 1H time frame.
Its neckline has just been broken.

I expect a pullback to 83.24

 

[DominicWalsh]

#CHFJPY: Bullish Continuation Pattern

CHFJPY is trading in a minor bullish trend on a daily.
The price was accumulating for 3 weeks within an ascending triangle formation.
Its resistance was broken on Friday, we see its retest now.

I expect a bullish continuation to 148.3

 

[DominicWalsh]

#EURCHF: Trend-Following Setup

EURCHF is approaching a confluence zone based on a horizontal supply area
and 618 retracement of the last bearish impulse.

The price formed a head & shoulders pattern, testing that.
Its neckline was broken then.

I expect a bearish move to 0.9732

 

[DominicWalsh]

#EURCAD: Important Breakout!

EURCAD was consolidating for 3 months on a weekly.
The price was coiling within a horizontal range.
Its upper boundary was broken last week, and a weekly candle closed above that.

Probabilities will be high, that a new bullish wave will initiate soon.

Next resistance - 1.5